HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Report into the public domain by the end of 2021 and liking Wyloo
It would be nice to raise the profile of the ring......finally.
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What we’re doing is we’re working with Hatch and others and we’re putting together a preliminary economic assessment which will deal with a lot of the questions around approach, resources, how we mine this and some of the underpinnings of the economics.
We plan to put out that report into the public domain and file it by the end of 2021. I think that will get a lot of the details and a lot of the background information (metallurgical test works, etc.) that’s been done on these projects into the public domain and give people a lot more understanding and a lot more comfort about what’s going on with the Noront projects.
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Wyloo seems like a good long term fit for Noront...deep pockets and patient....
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We’ve recently announced a new deal in the marketplace, Noront now has new major shareholder which is an Australian company called Wyloo Metals. They’re one of the biggest investment funds in Australia and they’ve taken a cornerstone position in Noront with this long-term view of developing the Ni deposits and subsequently the other deposits in the Ring of Fire.
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